What Does Health Insurance Mean?

Health Insurance or Medical Insurance also known as Mediclaim is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. Health insurance is often included in employer benefit packages as a means of enticing or retaining quality employees.

Investopedia explains Health Insuranceas follows:The cost of health insurance premiums is deductible to the payer, and benefits received are tax-free. Health insurance has many cousins, such as disability insurance, critical (catastophic) illness insurance and long-term care (LTC) insurance.

Health Insurance or Medical Insurance also known as Mediclaim is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. Health insurance is often included in employer benefit packages as a means of enticing or retaining quality employees.

Investopedia explains Health Insuranceas follows:The cost of health insurance premiums is deductible to the payer, and benefits received are tax-free. Health insurance has many cousins, such as disability insurance, critical (catastophic) illness insurance and long-term care (LTC) insurance.

Why Should One purchase a Health Insurnace Policy? Without proper health insurance, an illness or accident can wipe you out financially and put you and your family in debt for years. If you plan to buy private health insurance - getting your own policy isn't easy or cheap but in some cases, it's well worth the effort. One option is to opt for Medical discount plans that can help the uninsured or underinsured afford better healthcare. However there are conditions before a plan can be provided to the insured. If you bring a pre-existing condition to a new insurer, you may find yourself without coverage and that is why one must read the fine print very carefully. Sometimes you may find that you are already covered by a policy purchased by someone within family, such as your father or mother, but does that mean you don't need to invest in this vital segment for your own good? Well the answer is a big NO. Despite the existing coverage, it is always better to have another one, just in case because group policies typically have a coverage limit and at any critical juncture, you don't want to find yourself short of getting medical aid that you need, just because the limit has been exhausted.

eMediclaim Portal is here to assist you to learn how you can avoid financial catastrophe by investing in Mediclaim policy. Should you need any help or advice, intend to purchase a mediclaim policy and would like us to assist you, please contact us using this link - Get Mediclaim.

Health Insurance (Mediclaim) in India is included under the category of General (Non-Life) Insurance. There are currently 17 General Insurance/Non-Life Insurance companies in India offering various Health Insurance Products and Services. (The numbers of company may vary as new entrants enter the market or due to change in government policies for medical insurance sector.)

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and eMediclaim does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy. The logos displayed on this site in no way indicate tie up of the respective logo owners with eMediclaim Portal. or any affiliation what so ever between eMediclaim and respective logo owners. Should you have any objection to use of public information on this site, please contact us and we shall remove the content that you feel is not in public interest or has a copyright which prevents it to be displayed on eMediclaim.com website.

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Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and eMediclaim does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
The logos displayed on this site in no way indicate tie up of the respective logo owners with eMediclaim Portal. or any affiliation what so ever between eMediclaim and respective logo owners. Should you have any objection to use of public information on this site, please contact us and we shall remove the content that you feel is not in public interest or has a copyright which prevents it to be displayed on eMediclaim.com website.